This document provides an introduction to the report "Expectations & Market Realities in Real Estate 2011" which analyzes the commercial real estate market amid ongoing economic uncertainty. The report was produced through a partnership between Real Estate Research Corporation, Deloitte, and Real Capital Analytics. It examines risks and returns for real estate investors in the current environment and how capital markets, property sectors, and the economic outlook may impact the real estate industry in 2011 and beyond. The report aims to help investors balance risk and reward during this period of uncertainty.
Economy And Apartment Outlook - May 2011jdpackwood
1) While the U.S. economy has shown improved momentum in key indicators like GDP, job growth, and retail sales, growth has been slower than expected and on a flatter trajectory.
2) First quarter economic data was weakened by factors like slower global growth, seasonal effects, and bad weather, though leading indicators still signal expansion.
3) Retail sales remain above pre-recession levels but growth rates have begun to slow, and the housing sector remains challenged with home sales and prices still well below peaks.
Why Consider A Real Estate Investment In The Current Market July 2009RichardZimmerman
The document discusses why real estate may present opportunities for investment during the current economic downturn. It notes that real estate prices have fallen dramatically and are expected to decline further, creating a buyer's market. However, commercial real estate faces significant risks like high vacancy rates, falling rents, and difficulties refinancing loans due to tighter standards and declining property values. The document analyzes factors that led to the downturn and warns that commercial real estate troubles may exceed those of the early 1990s recession.
The industrial real estate market in South Florida is showing early signs of recovery. Two large leases signed at Seneca Industrial Park in Pembroke Park, totaling $3.4 million, indicate the market is improving. However, rental rates remain concession driven and vacancy rates are still high overall, though dropping in Miami-Dade and Palm Beach counties. While leasing activity is picking up, sales volumes remain low due to tight financing. Brokers believe the recovery will continue as absorption increases and rental rates start to rise.
Investor confidence in commercial real estate surged in the fourth quarter of 2010 and is translating to more aggressive acquisition plans in 2011 according to a National Real Estate Investor/Marcus & Millichap survey. The Investor Sentiment Index reached a record high of 152 in the fourth quarter, up from 119 in the previous quarter, reflecting improving fundamentals and low interest rates. Most investors expect interest rates to remain low through 2011 and see commercial real estate as offering favorable returns relative to other investments, fueling acquisition activity despite lingering concerns over slow economic growth and financing availability.
The document discusses the current state of the US housing market and provides an outlook for multifamily housing. It notes that the US is experiencing a severe recession, with declining GDP, job losses of over 6 million since 2008, and a rising unemployment rate of 9.4% in May 2009. Housing construction, home sales and prices have fallen sharply from their peaks in the mid-2000s. However, demographic trends favoring generations that tend to rent and the large number of potential renters in the coming years provide opportunities for multifamily development as the economy recovers.
The document provides steps for analyzing a commercial real estate investment, including determining net operating income, selecting a loan, calculating cash flow before taxes, and returns. It outlines analyzing a case study property listing for $750,000 with a 9% cap rate to achieve a 9% cash-on-cash return through adjusting the purchase price, net operating income, or interest rate. The document emphasizes understanding an investment's risks, returns, and suitability for the investor's goals.
What happens when the digital tools and platforms we make and use for communication and entertainment are hijacked for terrorism, violence against the vulnerable and nefarious transactions? What role do designers and developers play? Are we complicit as creators of these technologies and products? Should we police them or fight back? As Portfolio Lead for Northern Lab, Northern Trust's internal innovation startup focused on client and partner experience, Antonio will share a mix of provocative scenarios torn from today's headlines and compelling stories where activism and technology facilitated peace—and war.
As a call-to-action for designers and developers to engage in projects capable of transformational change, he'll explore the question: How might technology foster new experiences to better accelerate social activism and make the world a smarter, safer place?
Economy And Apartment Outlook - May 2011jdpackwood
1) While the U.S. economy has shown improved momentum in key indicators like GDP, job growth, and retail sales, growth has been slower than expected and on a flatter trajectory.
2) First quarter economic data was weakened by factors like slower global growth, seasonal effects, and bad weather, though leading indicators still signal expansion.
3) Retail sales remain above pre-recession levels but growth rates have begun to slow, and the housing sector remains challenged with home sales and prices still well below peaks.
Why Consider A Real Estate Investment In The Current Market July 2009RichardZimmerman
The document discusses why real estate may present opportunities for investment during the current economic downturn. It notes that real estate prices have fallen dramatically and are expected to decline further, creating a buyer's market. However, commercial real estate faces significant risks like high vacancy rates, falling rents, and difficulties refinancing loans due to tighter standards and declining property values. The document analyzes factors that led to the downturn and warns that commercial real estate troubles may exceed those of the early 1990s recession.
The industrial real estate market in South Florida is showing early signs of recovery. Two large leases signed at Seneca Industrial Park in Pembroke Park, totaling $3.4 million, indicate the market is improving. However, rental rates remain concession driven and vacancy rates are still high overall, though dropping in Miami-Dade and Palm Beach counties. While leasing activity is picking up, sales volumes remain low due to tight financing. Brokers believe the recovery will continue as absorption increases and rental rates start to rise.
Investor confidence in commercial real estate surged in the fourth quarter of 2010 and is translating to more aggressive acquisition plans in 2011 according to a National Real Estate Investor/Marcus & Millichap survey. The Investor Sentiment Index reached a record high of 152 in the fourth quarter, up from 119 in the previous quarter, reflecting improving fundamentals and low interest rates. Most investors expect interest rates to remain low through 2011 and see commercial real estate as offering favorable returns relative to other investments, fueling acquisition activity despite lingering concerns over slow economic growth and financing availability.
The document discusses the current state of the US housing market and provides an outlook for multifamily housing. It notes that the US is experiencing a severe recession, with declining GDP, job losses of over 6 million since 2008, and a rising unemployment rate of 9.4% in May 2009. Housing construction, home sales and prices have fallen sharply from their peaks in the mid-2000s. However, demographic trends favoring generations that tend to rent and the large number of potential renters in the coming years provide opportunities for multifamily development as the economy recovers.
The document provides steps for analyzing a commercial real estate investment, including determining net operating income, selecting a loan, calculating cash flow before taxes, and returns. It outlines analyzing a case study property listing for $750,000 with a 9% cap rate to achieve a 9% cash-on-cash return through adjusting the purchase price, net operating income, or interest rate. The document emphasizes understanding an investment's risks, returns, and suitability for the investor's goals.
What happens when the digital tools and platforms we make and use for communication and entertainment are hijacked for terrorism, violence against the vulnerable and nefarious transactions? What role do designers and developers play? Are we complicit as creators of these technologies and products? Should we police them or fight back? As Portfolio Lead for Northern Lab, Northern Trust's internal innovation startup focused on client and partner experience, Antonio will share a mix of provocative scenarios torn from today's headlines and compelling stories where activism and technology facilitated peace—and war.
As a call-to-action for designers and developers to engage in projects capable of transformational change, he'll explore the question: How might technology foster new experiences to better accelerate social activism and make the world a smarter, safer place?
The typical REALTOR® in 2010 has 12 years of experience and specializes in residential brokerage. While most REALTORS® are sales agents, brokers are taking on more diverse specialties. REALTORS® are increasingly using websites, social media, smartphones and other technologies in their work. Nearly half use social networking sites, up from 35% in 2009. Three-quarters will likely remain in real estate for at least two more years.
This document provides an overview and introduction to using security token offerings (STOs) for real estate investments. STOs allow real estate assets to be tokenized and traded on blockchain, opening up new opportunities for fundraising and unlocking a new investor base. Some key benefits of STOs for real estate include designing new product structures backed by real estate assets and gaining access to global capital markets. The document also discusses opportunities for using STOs in real estate markets in Hong Kong and the Greater Bay Area.
The document summarizes a panel discussion on risks and cash flow challenges facing CFOs. It introduces the panelists from various companies including SingerLewak, B. Riley, Sheppard Mullin, and J2 Global Communications. It then discusses the top risks CFOs face according to surveys, including economic recovery, healthcare laws, and financial regulations. It also outlines SingerLewak's view of the top 5 essential risks for mid-market CFOs. The document then shifts to discussing challenges around capital markets and sources of capital available to mid-market companies.
The Source for Real Estate Finance. A special supplement published by Realty411. This NEW Issue of Private Money411 features Randy Reiff, CEO of FirstKey Lending. Inside he reveals their innovative NEW program that makes 30-Year loans available to portfolio borrowers.
PLUS: Tim Herriage, Managing Director of B2R Finance; Leonard Rosen, from Pitbull Hard Money Conference, writes on Why Bankers Rule; as well as Insight from GCA Equity Partners
Le Rues Chaitner & Co is a global private investment and real estate firm that also provides architectural design services. The annual report discusses the company's operations in 8 countries and financial highlights for 2020-2021, including cash flow, debt, equity ratios and employee numbers. It also contains the CEO's introduction addressing the impact of COVID-19 and oil price declines on business and strategies for the future, focusing on cost reductions and efficiency. The parent company is described as J Stone Management Group & Co, a music and media company.
Integra Realty Resources is a commercial real estate valuation and advisory firm with over 66 offices nationwide. The Tulsa and Oklahoma City offices have over 30 years of experience in the Oklahoma market, specializing in unique property types like communications towers and nurseries. Led by Senior Managing Director Owen Ard in Tulsa and Managing Director Darin Dalbom in Oklahoma City, the local teams provide appraisals, market studies, due diligence reviews, and tax appeal services to banks, developers, government agencies, and other clients. Integra Realty Resources prides itself on local expertise, proprietary technology tools, and an ability to complete complex assignments.
This document summarizes an investment fund called Everyday Capital LLC that invests in real estate. The fund utilizes a buy and hold strategy for rental properties and a lending strategy where it provides financing to experienced real estate investors renovating properties. It has over $1 million in existing real estate assets and a track record of over 800 property transactions totaling $128 million in mortgage volume. The fund aims to generate returns of 7-12% for investors through its diversified portfolio and management team's expertise in various real estate markets.
Company Profile RET 2016 - conformed mincoproj FINAL compressedRobert Li
RET.asia is a real estate crowdfunding platform founded in 2015 in Cebu City, Philippines by a team of Australians and Filipinos. Their vision is to democratize real estate ownership and development in the Philippines by making it more transparent, sustainable, and accessible to everyday Filipinos. The company aims to change how real estate is invested in, built, and financed through their online platform that connects investors and developers. Their mission is to create "open, safe, and affordable community driven real estate for everyone by anyone."
The document provides an overview of M&A, private equity, and capital markets activity in 2012. It finds that overall US M&A transaction levels were at a post-financial crisis high in 2011, though activity declined in the second half of the year and first quarter of 2012 due to macroeconomic uncertainties. Private equity investment also declined throughout 2011 and further in Q1 2012. EBITDA multiples recovered in Q1 2012 to pre-financial crisis levels, with larger deals commanding a premium.
The document discusses past performance not guaranteeing future results in commodity futures trading due to its speculative nature and risk of loss. It cautions prospective investors to rely only on the disclosure document for any potential investment, which will contain important risk information not found in preliminary materials. The materials contain forward-looking statements based on assumptions that may differ from actual results. Distribution of the information without consent is prohibited.
Financial planning and analysis (FP&A) is a set of four activities that support an organization's financial health: planning and budgeting, integrated financial planning, management and performance reporting, and forecasting and modeling.
Integra Realty Resources is a commercial real estate valuation and advisory firm with 66 offices nationwide. The Dallas office is led by Senior Managing Director Mark Lamb, who has 30 years of experience. The Dallas team provides services such as valuations, market studies, due diligence, and litigation support for a range of clients including banks, investors, developers, and law firms. Integra prides itself on its proprietary technology and databases that help analysts complete assignments efficiently and consistently.
D2 Advisors is a real estate capital advisory firm established in 1988 that specializes in structuring joint ventures to provide institutional quality real estate investments. They focus on deals between $15-100 million and work with experienced real estate operating companies. D2 Advisors develops investment opportunities, structures deals, organizes due diligence materials, and helps clients identify potential investors. They have worked with various large real estate firms and financial institutions.
The document summarizes an article from Worth magazine featuring Neuberger Berman Wealth Management and the Hahn Team. The summary discusses how active management has the potential to outperform in a more uncertain market environment ahead compared to the recent bull market. It provides context on the challenges active managers have faced, such as periods of large-cap outperformance and a small number of stocks driving index performance. The summary then discusses how active management may have advantages in a potential aftermath of a stock market bubble when valuation dispersion among individual stocks is higher.
The document summarizes an article from Worth magazine featuring Neuberger Berman Wealth Management and the Hahn Team. It provides an overview of the team's investment philosophy, experience, services offered, and credentials. The team believes that active management has the potential to outperform in a more uncertain, volatile market environment compared to the recent bull market period that has favored passive investing. They take an integrated approach to wealth management, leveraging expertise across investment advisory, planning, and other professional services.
This document discusses real estate investment opportunities in Florida for investors interested in short sales and bank-owned properties. It notes that Florida has a large number of foreclosures, presenting opportunities for investors. It promotes the services of Today Home Solutions, which helps investors navigate the market, limits risk, and achieves high returns. The company provides access to discounted properties and insider tips. New investors can expect to learn profit strategies that work in any market and make money faster than traditional real estate investment.
Realogy Corporation is the world's largest real estate franchiser and provider of real estate and relocation services. It owns several major real estate brand franchises such as Century 21, Coldwell Banker, Sotheby's International Realty, and NRT. Realogy is headquartered in Parsippany, NJ and has over 15,000 employees worldwide. It was formed through the acquisition of Century 21 in 1995 and has grown through further acquisitions. Realogy is owned by an affiliate of Apollo Management, a private equity firm.
This document summarizes the lessons learned by a real estate developer in their first attempt to raise EB-5 capital. Key points:
- The developer relied too heavily on advice from an inexperienced regional center, which led them to make poor choices in team members and documents that had to be redone.
- The regional center's lawyer provided bad advice and was rarely available, leading the developer to fire them and take full control of the project.
- An economist recommended by the regional center produced a report that underestimated job creation and did not provide the best information for the project.
- Overall the developer stresses doing thorough research on team members' experience and references, not assuming regional centers know what
The Columbus retail market saw positive absorption of 49,058 square feet in Q1 2013, continuing a trend of positive absorption over the past year. Vacancy decreased slightly to 10% as major leases were signed and new retailers entered the market. Construction activity remains high with over 170,000 square feet currently under development. The retail market is expected to continue slow, steady growth as new apartment construction brings additional retail demand.
The Columbus office market gained positive absorption for the fourth consecutive quarter. The vacancy rate is now 11.7%, and construction continues with several large projects starting. Rental rates have increased slightly for Class A and B spaces over the past quarter. The largest new leases were Cardinal Health expanding 61,128 sq ft and the FBI leasing 44,926 sq ft. The unemployment rate rose to 6.4% but remains lower than in previous years.
The typical REALTOR® in 2010 has 12 years of experience and specializes in residential brokerage. While most REALTORS® are sales agents, brokers are taking on more diverse specialties. REALTORS® are increasingly using websites, social media, smartphones and other technologies in their work. Nearly half use social networking sites, up from 35% in 2009. Three-quarters will likely remain in real estate for at least two more years.
This document provides an overview and introduction to using security token offerings (STOs) for real estate investments. STOs allow real estate assets to be tokenized and traded on blockchain, opening up new opportunities for fundraising and unlocking a new investor base. Some key benefits of STOs for real estate include designing new product structures backed by real estate assets and gaining access to global capital markets. The document also discusses opportunities for using STOs in real estate markets in Hong Kong and the Greater Bay Area.
The document summarizes a panel discussion on risks and cash flow challenges facing CFOs. It introduces the panelists from various companies including SingerLewak, B. Riley, Sheppard Mullin, and J2 Global Communications. It then discusses the top risks CFOs face according to surveys, including economic recovery, healthcare laws, and financial regulations. It also outlines SingerLewak's view of the top 5 essential risks for mid-market CFOs. The document then shifts to discussing challenges around capital markets and sources of capital available to mid-market companies.
The Source for Real Estate Finance. A special supplement published by Realty411. This NEW Issue of Private Money411 features Randy Reiff, CEO of FirstKey Lending. Inside he reveals their innovative NEW program that makes 30-Year loans available to portfolio borrowers.
PLUS: Tim Herriage, Managing Director of B2R Finance; Leonard Rosen, from Pitbull Hard Money Conference, writes on Why Bankers Rule; as well as Insight from GCA Equity Partners
Le Rues Chaitner & Co is a global private investment and real estate firm that also provides architectural design services. The annual report discusses the company's operations in 8 countries and financial highlights for 2020-2021, including cash flow, debt, equity ratios and employee numbers. It also contains the CEO's introduction addressing the impact of COVID-19 and oil price declines on business and strategies for the future, focusing on cost reductions and efficiency. The parent company is described as J Stone Management Group & Co, a music and media company.
Integra Realty Resources is a commercial real estate valuation and advisory firm with over 66 offices nationwide. The Tulsa and Oklahoma City offices have over 30 years of experience in the Oklahoma market, specializing in unique property types like communications towers and nurseries. Led by Senior Managing Director Owen Ard in Tulsa and Managing Director Darin Dalbom in Oklahoma City, the local teams provide appraisals, market studies, due diligence reviews, and tax appeal services to banks, developers, government agencies, and other clients. Integra Realty Resources prides itself on local expertise, proprietary technology tools, and an ability to complete complex assignments.
This document summarizes an investment fund called Everyday Capital LLC that invests in real estate. The fund utilizes a buy and hold strategy for rental properties and a lending strategy where it provides financing to experienced real estate investors renovating properties. It has over $1 million in existing real estate assets and a track record of over 800 property transactions totaling $128 million in mortgage volume. The fund aims to generate returns of 7-12% for investors through its diversified portfolio and management team's expertise in various real estate markets.
Company Profile RET 2016 - conformed mincoproj FINAL compressedRobert Li
RET.asia is a real estate crowdfunding platform founded in 2015 in Cebu City, Philippines by a team of Australians and Filipinos. Their vision is to democratize real estate ownership and development in the Philippines by making it more transparent, sustainable, and accessible to everyday Filipinos. The company aims to change how real estate is invested in, built, and financed through their online platform that connects investors and developers. Their mission is to create "open, safe, and affordable community driven real estate for everyone by anyone."
The document provides an overview of M&A, private equity, and capital markets activity in 2012. It finds that overall US M&A transaction levels were at a post-financial crisis high in 2011, though activity declined in the second half of the year and first quarter of 2012 due to macroeconomic uncertainties. Private equity investment also declined throughout 2011 and further in Q1 2012. EBITDA multiples recovered in Q1 2012 to pre-financial crisis levels, with larger deals commanding a premium.
The document discusses past performance not guaranteeing future results in commodity futures trading due to its speculative nature and risk of loss. It cautions prospective investors to rely only on the disclosure document for any potential investment, which will contain important risk information not found in preliminary materials. The materials contain forward-looking statements based on assumptions that may differ from actual results. Distribution of the information without consent is prohibited.
Financial planning and analysis (FP&A) is a set of four activities that support an organization's financial health: planning and budgeting, integrated financial planning, management and performance reporting, and forecasting and modeling.
Integra Realty Resources is a commercial real estate valuation and advisory firm with 66 offices nationwide. The Dallas office is led by Senior Managing Director Mark Lamb, who has 30 years of experience. The Dallas team provides services such as valuations, market studies, due diligence, and litigation support for a range of clients including banks, investors, developers, and law firms. Integra prides itself on its proprietary technology and databases that help analysts complete assignments efficiently and consistently.
D2 Advisors is a real estate capital advisory firm established in 1988 that specializes in structuring joint ventures to provide institutional quality real estate investments. They focus on deals between $15-100 million and work with experienced real estate operating companies. D2 Advisors develops investment opportunities, structures deals, organizes due diligence materials, and helps clients identify potential investors. They have worked with various large real estate firms and financial institutions.
The document summarizes an article from Worth magazine featuring Neuberger Berman Wealth Management and the Hahn Team. The summary discusses how active management has the potential to outperform in a more uncertain market environment ahead compared to the recent bull market. It provides context on the challenges active managers have faced, such as periods of large-cap outperformance and a small number of stocks driving index performance. The summary then discusses how active management may have advantages in a potential aftermath of a stock market bubble when valuation dispersion among individual stocks is higher.
The document summarizes an article from Worth magazine featuring Neuberger Berman Wealth Management and the Hahn Team. It provides an overview of the team's investment philosophy, experience, services offered, and credentials. The team believes that active management has the potential to outperform in a more uncertain, volatile market environment compared to the recent bull market period that has favored passive investing. They take an integrated approach to wealth management, leveraging expertise across investment advisory, planning, and other professional services.
This document discusses real estate investment opportunities in Florida for investors interested in short sales and bank-owned properties. It notes that Florida has a large number of foreclosures, presenting opportunities for investors. It promotes the services of Today Home Solutions, which helps investors navigate the market, limits risk, and achieves high returns. The company provides access to discounted properties and insider tips. New investors can expect to learn profit strategies that work in any market and make money faster than traditional real estate investment.
Realogy Corporation is the world's largest real estate franchiser and provider of real estate and relocation services. It owns several major real estate brand franchises such as Century 21, Coldwell Banker, Sotheby's International Realty, and NRT. Realogy is headquartered in Parsippany, NJ and has over 15,000 employees worldwide. It was formed through the acquisition of Century 21 in 1995 and has grown through further acquisitions. Realogy is owned by an affiliate of Apollo Management, a private equity firm.
This document summarizes the lessons learned by a real estate developer in their first attempt to raise EB-5 capital. Key points:
- The developer relied too heavily on advice from an inexperienced regional center, which led them to make poor choices in team members and documents that had to be redone.
- The regional center's lawyer provided bad advice and was rarely available, leading the developer to fire them and take full control of the project.
- An economist recommended by the regional center produced a report that underestimated job creation and did not provide the best information for the project.
- Overall the developer stresses doing thorough research on team members' experience and references, not assuming regional centers know what
The Columbus retail market saw positive absorption of 49,058 square feet in Q1 2013, continuing a trend of positive absorption over the past year. Vacancy decreased slightly to 10% as major leases were signed and new retailers entered the market. Construction activity remains high with over 170,000 square feet currently under development. The retail market is expected to continue slow, steady growth as new apartment construction brings additional retail demand.
The Columbus office market gained positive absorption for the fourth consecutive quarter. The vacancy rate is now 11.7%, and construction continues with several large projects starting. Rental rates have increased slightly for Class A and B spaces over the past quarter. The largest new leases were Cardinal Health expanding 61,128 sq ft and the FBI leasing 44,926 sq ft. The unemployment rate rose to 6.4% but remains lower than in previous years.
The Columbus office market gained positive absorption for the third quarter in a row. Construction continues to pick up with new projects starting. Vacancy rates fell slightly to 11.3% as absorption outpaced new construction. Investment sales remained strong in the fourth quarter, with several large portfolio and building sales. Rental rates increased over the course of 2012 for Class A and B spaces. The market outlook remains optimistic as leasing activity was higher than the average of prior fourth quarters.
The Columbus industrial market recorded strong positive absorption of over 1.4 million square feet in the fourth quarter and nearly 5 million square feet for the year. Notable construction projects were completed including a 418,655 square foot expansion and a 30,000 square foot building. Significant leases were signed including 185,000 square feet to Great Lakes and 168,850 square feet to Rogue Fitness. Overall vacancy rates decreased and rental rates remained stable with a slight increase for warehouse/distribution spaces.
The Cincinnati retail market closed out 2012 on a respectable note. The vacancy rate improved to 10.41% in the fourth quarter from 12.5% at the beginning of the year. There was 525,355 square feet of positive absorption in the last three quarters of 2012. Major developments are projected to boost the market in 2013, including the opening of the Horseshoe Casino in March and continued construction at The Banks project.
The Greater Cincinnati office market continued slowing in Q4 2012, with net absorption of -320,686 sq ft and vacancy rising to 20.03%. The Central Business District saw a small increase in positive absorption but not enough to offset the year's negative total. Most negative absorption occurred in the suburbs, pushing the suburban vacancy rate to 21.01%. Developers are starting to market and plan new construction projects as uncertainty from the previous year dissipates.
The Greater Cincinnati industrial market finished 2012 strongly, with positive absorption of 856,364 square feet in Q4. For the full year, net absorption was 624,477 square feet. The overall vacancy rate declined to 9.2% from 9.5% in Q3. Northern Kentucky submarkets performed particularly well, with over 1 million square feet of positive absorption for the year. Rental rates varied by submarket but averaged $3.37 per square foot overall. Limited new construction occurred, with demand expected to drive more development in 2013.
The Columbus retail market recorded positive net absorption of 108,252 square feet in the third quarter of 2012. Vacancy rates decreased slightly to 10.1% from 10.2% in the previous quarter. Notable leases included Nordstrom Rack leasing 36,250 square feet and Star Lanes leasing 35,000 square feet. Construction activity also increased with over 170,000 square feet of new space breaking ground in the past 90 days. The retail market in Columbus continues its recovery with improving absorption, rental, and construction trends.
The document provides an overview of office market trends in the Columbus region for Q2 2012. It finds that while absorption was positive at 32,000 square feet, vacancy increased due to a large vacancy in the Easton submarket. Asking rental rates have steadily increased over the past year. Market activity picked up compared to Q1 2012, though leasing volume was still below past years. The unemployment rate in Columbus fell to 6.1% in May. Key employment sectors like education/health and finance saw growth. Overall, the report finds more activity in the office market but little gain in reducing vacancy rates.
This document provides an industrial market trends report for the Greater Columbus region for Q2 2012. It finds that the industrial market recorded its fifth consecutive quarter of strong positive absorption, with over 1.4 million square feet absorbed. Over 750,000 square feet of construction projects were completed this quarter and another 425,000 square feet began construction. Major leases were signed by Jacobson Warehouse and Closed Loop Refining & Recovery. The report also notes continued construction and leasing activity, stable rental rates, and a moderate pace of economic growth in the region according to the Federal Reserve Bank of Cleveland.
annually. All three sources point to a consumer
that is cautious but spending. The consumer
Europe/Middle East/Africa: 170
The Columbus retail market saw moderate confidence index rose in December to its highest Asia Pacific: 161
positive absorption of 108,000 square feet in Q4 level since July. Gallup’s weekly consumer
2011, with vacancy rates decreasing slightly. spending poll shows spending steady to up slightly.
Larger property sales included a 443,000- The Beige Book noted that consumer spending
square-foot power center for $80 million and a was flat to up modestly across most of the Federal
120,000-square-foot strip center for $
The Columbus office market gained 233,000 square feet of positive absorption in Q4 2011, with vacancy decreasing to 12.2%. Construction has remained slow. Duke Realty sold 19 class A and B office properties totaling over 2 million square feet to Blackstone for $1.08 billion. The unemployment rate in Columbus dipped to 6.6% in November, and information, financial activities, and professional/business services employment increased or remained steady.
The industrial market in the Greater Columbus region saw positive absorption of 52,000 square feet in Q4 2011, led by Zulily leasing over 737,000 square feet at 3051 Creekside Parkway. There were also several significant investment sales, including KTR Capital Partners purchasing five properties totaling over 2.5 million square feet from Allianz Life Insurance Co. for $62 million. Vacancy rates remained stable at 11.9% while rental rates also remained stable compared to previous quarters. Construction activity decreased compared to previous quarters.
The Columbus retail market saw a dip in the first quarter of 2012 with negative absorption of 123,632 square feet, primarily in the Southeast, Northwest, and Northeast submarkets. The vacancy rate increased to 11.1% while rental rates fell for big box, community, and anchored strip centers. Several retailers are closing stores including Sears, Kmart, Best Buy, and The Great Indoors, while Cabela's will be opening its first Ohio store in Polaris. Construction is underway on projects like the New Market Mall renovation and a 30,000 square foot community center in the Northwest submarket.
The industrial market in the Greater Columbus region continued to see strong leasing activity in Q1 2012, with over 1.2 million square feet of positive absorption. The vacancy rate dropped to 10.9%, the lowest since 2007. Several large leases were signed, including Innotrac taking 434,000 sq ft and Shasta Beverage taking 134,000 sq ft. Rental rates for warehouse/distribution space remained flat, while rates for R&D/Flex space increased for the third consecutive quarter. The regional industrial economy saw stable or moderately higher new orders and production among manufacturers.
Columbus Knowledge thats Sells March 2012 colliersohio
1) The owners of the LeVeque Tower in downtown Columbus are investing up to $22 million to renovate the landmark skyscraper by adding a hotel and apartments.
2) Nationwide Children's Hospital opened a new $6.3 million sports medicine and orthopedic center in Dublin, Ohio, its second facility of this kind in the area.
3) Consumer confidence rose dramatically in February according to The Conference Board's Consumer Confidence Index, reaching its highest level since February 2011.
Columbus Knowledge thats Sells January 2012colliersohio
The document provides an overview of recent real estate, development, industrial, retail, and office news in central Ohio from January 2012. It discusses topics such as Sears receiving tax breaks to remain in the area, various commercial real estate sales and developments, expanding companies, and new restaurants and retailers opening locations. It also mentions community involvement by the local Colliers International office in supporting a homeless families foundation.
The Columbus region office market saw slight negative absorption of 18,000 square feet in Q1 2012, leaving the vacancy rate at 12.1%. Westerville submarket gains absorption with 26,000 square feet absorbed, while Arlington/Grandview lost 36,000 square feet. Notable leases included Cott Systems taking 19,000 square feet in Westerville and ASK Chemicals leasing 16,000 square feet in Dublin. The employment and construction outlooks remain positive with several large projects underway or planned.
In Q4 2011, the Greater Cincinnati retail market saw strong demand and absorption. Net absorption for the quarter was 78,540 square feet, bringing yearly net absorption to 630,236 square feet and lowering the overall vacancy rate to 12.8%. Several major development and redevelopment projects were underway, including The Banks mixed-use project in downtown Cincinnati. Looking ahead to 2012, demand is expected to remain strong with vacancy rates projected to continue declining slightly.
The Greater Cincinnati office market finished the fourth quarter of 2011 relatively strong, with a modest amount of growth. The overall vacancy rate was 20.5% and net absorption for the quarter was 30,261 square feet, bringing year-to-date absorption to 50,163 square feet. Medical tenants were the most active, and this trend is expected to continue driving growth in 2012. Rental rates increased slightly to $18.03 per square foot. The Central Business District saw negative absorption of 33,758 square feet, and Chiquita's announced relocation out of Cincinnati will impact availability. Suburban submarkets saw over 64,000 square feet of net absorption led by the I-71 North Corridor with over 81
1. E x p E c TaT I O n s & M a R k E T R E a L I T I E s I n R E a L E s TaT E 2 0 1 1
BALANCING RISK AND RETURN IN AN ERA OF UNCERTAINTY
DELOIT TE | R E a L E s TaT E R E s E a R c h c O R p O R aT I O n | R E a L c a p I Ta L a n a Ly T I c s
3. E x p E c TaT I O n s & M a R k E T R E a L I T I E s I n R E a L E s TaT E 2 0 1 1
BALANCING RISK AND RETURN IN AN ERA OF UNCERTAINTY
DELOIT TE | R E a L E s TaT E R E s E a R c h c O R p O R aT I O n | R E a L c a p I Ta L a n a Ly T I c s